ALSET ENERGY CORP. ("ION")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: October 17, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced July 29, 2016, September 16, 2016 and October 6, 2016:
Number of Shares: 256,667 flow-through shares
1,771,400 non-flow-through shares
Purchase Price: $0.12 per flow-through share
$0.10 per non-flow-through share
Warrants: 1,899,734 share purchase warrants to purchase 1,899,734 shares
Warrant Exercise Price: $0.20 for a two year period
Number of Placees: 10 Placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
Stephen Stares Y 47,500 f/t
Clint Barr Y 79,167 f/t
Benton Resources Inc. Y 1,000,000 nf/t
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.
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